Criteo S.A. (NASDAQ:CRTO) Given Average Recommendation of “Moderate Buy” by Analysts

Criteo S.A. (NASDAQ:CRTO) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $39.44.

Several equities analysts have weighed in on the company. KeyCorp raised their price target on Criteo from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price objective on Criteo from $31.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. DA Davidson raised their price objective on Criteo from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Benchmark restated a “buy” rating and set a $40.00 price objective on shares of Criteo in a report on Tuesday, April 30th. Finally, BMO Capital Markets upgraded Criteo from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $31.00 to $45.00 in a report on Friday, May 24th.

Insider Activity at Criteo

In other Criteo news, CFO Sarah Js Glickman sold 5,504 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total value of $194,841.60. Following the transaction, the chief financial officer now directly owns 327,232 shares of the company’s stock, valued at $11,584,012.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Criteo news, major shareholder Till Hufnagel bought 6,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average cost of $37.67 per share, with a total value of $226,020.00. Following the completion of the transaction, the insider now owns 1,777,425 shares in the company, valued at $66,955,599.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sarah Js Glickman sold 5,504 shares of Criteo stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $35.40, for a total value of $194,841.60. Following the sale, the chief financial officer now directly owns 327,232 shares in the company, valued at $11,584,012.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,672 shares of company stock worth $1,561,239. 1.71% of the stock is owned by insiders.

Institutional Trading of Criteo

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in Criteo by 67.3% in the second quarter. GAMMA Investing LLC now owns 738 shares of the information services provider’s stock valued at $28,000 after buying an additional 297 shares during the last quarter. Bessemer Group Inc. boosted its stake in Criteo by 5.2% in the first quarter. Bessemer Group Inc. now owns 13,803 shares of the information services provider’s stock valued at $484,000 after acquiring an additional 682 shares during the period. Covestor Ltd boosted its stake in Criteo by 64.1% in the first quarter. Covestor Ltd now owns 1,838 shares of the information services provider’s stock valued at $64,000 after acquiring an additional 718 shares during the period. Sei Investments Co. boosted its stake in Criteo by 0.8% in the first quarter. Sei Investments Co. now owns 101,186 shares of the information services provider’s stock valued at $3,549,000 after acquiring an additional 768 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Criteo by 7.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,350 shares of the information services provider’s stock valued at $287,000 after acquiring an additional 822 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Criteo Stock Performance

Criteo stock opened at $38.14 on Wednesday. The stock has a fifty day moving average of $37.26 and a two-hundred day moving average of $32.74. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 39.32 and a beta of 0.99. Criteo has a fifty-two week low of $22.10 and a fifty-two week high of $39.97.

Criteo (NASDAQ:CRTO) last released its quarterly earnings results on Thursday, May 2nd. The information services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.14. The company had revenue of $253.89 million during the quarter, compared to the consensus estimate of $246.10 million. Criteo had a return on equity of 12.33% and a net margin of 2.96%. On average, analysts forecast that Criteo will post 2.26 EPS for the current fiscal year.

Criteo Company Profile

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.